Day traders' bring-on-the-weekend lounge April 8 - 10, page-65

NWE 3.4 began sell signals from 25 March beginning with a large doji which was the first Heiken Ashi candle to have a wick on the downside. That candle also could be seen as a bearish harami which denotes that the buying has stopped. On the 29 March there was a break and close below the 8ema which would have been another sell signal for many. On the 6 Apr there was a break and close below a pivot low which is another sell signal which was also a break and close below the 34ema. Price is still below a swing low, below the 8ema and below the 34ema. Thursday there was a test of the 34ema where it appeared the selling might have stopped but Friday price was driven under the 34ema which is a fail to find support at that important moving average.